I hope readers of this blog were able to fully participate in the gains achieved in Aquiline and now ECU Silver (ECU.TO/ECUXF). ECU recently released some drilling results which were quite impressive. Here's the press release: Lots Of Silver On This Property ECU's stock has appreciated 17% in price since my October 14th post.

ECU already has proved 431 million ounces of silver. ECU's independent testing verification firm, Micon International, has signed off on the possibility of 1 billion ounces. What is NOT included in the 1 billion ounces is the potential represented by the Massive Sulphide Deposit (MSD), which ECU believes is the ultimate source of the silver and gold on the Valerdena property.

The drilling results linked above are beginning to confirm not only the existence of the MSD, but that ECU is closing in on it. In casual conversations with some investors who have actually visited the site, it is believed that the MSD could contain up to and addtional 500 million ounces of silver (not included in Micon's 1 billion number).

ECU presents a tremendous opportunity for one or two large funds to take a big position in a stock that is very undervalued on a fundamental analytic basis. Because of its large share base (285 million shares, 337 million fully diluted), a large investor would be able to accumulate a meaningful position without driving the stock up too much.
(click on chart to enlarge)